Stock market extends Gains, Closes by 0.07% higher


June 2, 2023.

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Azonuchechi Chukwu.

The Nigerian stock market on Thursday extended the bullish trend as the All Share Index grew by 0.07% to close at 55,808.25 points from the previous close of 55,769.28 points.

The Market Capitalisation appreciated by 0.07% to close at N30.388 trillion from the previous close of N30.367 trillion, thereby adding N21 billion.

An aggregate of 390 million units of shares were traded in 7,725 deals, valued at N5.7 billion.

The Market Breadth closed positive as 30 equities emerged as gainers against 20 equities that declined in their share prices.

Percentage Gainers

CONOIL led other gainers with 9.92% growth to close at N63.70 from the previous close of 57.95.

Sterling Bank, Eterna Oil and Cornerstone Insurance among other gainers also grew their share prices by 9.76%, 9.74% and 8.97% respectively.

Percentage Losers

FTN Cocoa led other price decliners as it shed 9.88% of its share price to close at N0.73 from the previous close of N0.81.

Champion Breweries and MCNICHOLS among other price decliners also shed their share prices by 9.62% and 9.21% respectively.

Volume Drivers

Zenith Bank traded about 37 million units of its shares in 684 deals, valued at N282.5 million.

UBA traded about 46 million units of its shares in 483 deals, valued at N453 million.

ACCESSCORP traded about 51 million units of its shares in 631 deals, valued at N1 billion.(

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247news
Azonuchechi Chukwu - Business Journalist at Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the team.

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